Despite the many casualties and huge losses, the Indian e-commerce sector is poised for expansion. The Indian online retail market size could grow 2.5 times in the next three years to Rs1.8 lakh crore ($27.9 million), ratings agency Crisil said in a report this week. The growth will largely be spearheaded by the online grocery…

Indian banks are going to have to take a big hit if they want to salvage some of their bad loans. To recover over Rs4 lakh crore ($62.12 billion) from the top 50 companies that haven’t been able to repay their debts, banks may have to take a haircut of as much as 60%, resulting…